NMDC Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

NMDC reported strong FY26 with 53 million tons production, INR31,000 Cr revenue, and 11% PAT growth. The company targets 60 million tons in FY27 and 100 million tons by decade-end, supported by substantial capex (~INR6,000 Cr in FY27). New iron ore mines (Deposit 4 & 13) and coal mines (Tokisud, Rohne coking coal) are key drivers. NMDC is diversifying into rare earths and pursuing global asset acquisitions. A Vizag blending yard for branded iron ore and DR-grade pellet production are strategic initiatives. Management is confident on growth and efficiency, aiming for 42-43% iron ore EBITDA.